Accounting information systems class:

As your team is working on the preparation for the financial statement at the year-end, your supervisor asked you to prepare an accounts receivable aging report for use in the upcoming audit of your companys financial statements. In the report, you are supposed to address/explain the following aspects:

1. What is an accounts receivable aging report?
2. Why is an accounts receivable aging report needed for an audit?
3. What is an accounts receivable aging report used for in the normal company operations of an organization?
4. What data will you need to prepare the report?
5. Where will you collect the data you need to prepare the report?
6. How will you collect the necessary data for the report?
7. How will you organize the data collected to create the information your supervisor needs for the audit? Prepare an accounts receivable aging report in a table.
8. How will you distribute the report? How many copies will you make? Who should receive the copies? What security features will you implement?